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World Bank chief announces intention to step down early

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FILE PHOTO: World Bank President David Malpass attends the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 3, 2021. REUTERS/Yves Herman/File Photo

World Bank Group President David Malpass on Thursday, announced his intention to step down a year before the end of his term, said the organisation.

The World Bank chief would leave his position by the end of the group’s fiscal year on June 30, after serving more than four years, said the World Bank.

Malpass was nominated to the position during the administration under former U.S. President Donald Trump. (Xinhua/NAN)